| A | B |
|---|
| Scarcity | Imbalance between wants and limited resources. |
| Natural Resourses | Supplied by nature. |
| Human Resourses | People trained for a specific task. |
| Capital Resourses | Money |
| Oil uses | Fuel;lubricant;tar |
| Tree uses | lumber;furniture;consturction |
| Plant uses | medicine, landscaping, human consumption |
| Scarcity requires this action | choice |
| Budget | A plan for how to use your finances. |
| Taxes | Money paid to the government so it can function. |
| Revenues | Tha Amount of money collected by the government. |
| Income tax base | Percentage of earnings |
| Exectutive Branch | Presents a budget, and later signs it into law |
| Legislative Branch | Passes the budget into law. |
